Business Services Industry
Getronics Received European Commission Approval for Combination With Wang Global
Business Wire, June 18, 1999
AMSTERDAM, The Netherlands--(BUSINESS WIRE)--June 18, 1999--
Getronics has received approval from the European Commission for its combination with Wang Global.
Getronics, provider of Information and Communication Technology Services and Business Solutions, announced that it will complete the combination with Wang Global early next week. The combined company's pro forma 1998 net sales amounted to E4.3 billion. The combined company will employ approximately 33,000 professionals and will have offices in 44 countries.
Getronics introduces new logo
In conjunction with today's announcement, Getronics introduced its new logo that incorporates the Wang Global "arc," symbolic of the world-wide reach of its trained workforce and its technology-based service delivery infrastructure.
As announced previously, Getronics intends to rename the existing Wang Global companies with the Getronics name throughout Northern and Central Europe, Latin America and the Asia Pacific region. In North America, the company will be known as GetronicsWang. In Italy, its name will be GetronicsOlivetti.
As previously announced, Joseph M. Tucci, Wang Global's chairman and CEO, will assume the role of deputy CEO at Getronics. Joining him and Cees G. van Luijk, president and CEO of Getronics, on Getronics' five-person Management Board are Peter van Voorst and Jan Docter of Getronics and Mias van Vuuren of Wang Global.
About Getronics
Getronics is one of Europe's largest service providers in the field of Information and Communication Technology (ICT) with net sales in 1998 of E1.6 billion (U.S. $1.65 billion) and 13,000 employees.
This does not constitute an offer for sale of securities in the United States. Securities offered by the company may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933 as amended. The company does not intend to register any portion of any offering in the United States, or to conduct a public offering of securities in the United States.
This press release is exclusively intended for publication and distribution in the United States.
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